Steve DeFrancis speaking at the Bisnow conference
US-based housebuilding giant Cortland Partners is in talks to buy a stake in an unnamed UK modular housebuilder, according to reports.
Steven DeFrancis, chief executive of the company which owns more than 49,000 apartment homes in the US and has offices in China and the UK, told the audience at the Bisnow Multifamily Annual Conference Southeast last week that his business was looking to acquire a stake.
“We are looking at modular development. It is much more accepted in the U.K. than it is in the States, but we do think that’s the way the world is going,” DeFrancis said.
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